5 Things To Know About Udyog Aadhar

By Ashutosh Jha → Last Updated on Tuesday, January 14, 2020
The procedural format to register the business under Micro Small Medium Enterprise or MSME was quite frantic and time-consuming, requiring dealing with bundles of paperwork. So, the main motive behind the introduction of Udyog Aadhar is to simplify the process involved while registering any micro, small, and medium business under MSME.

What is Udyog Aadhar?

Many new entrepreneurs keep on wondering what Udyog Aadhar is and what would be the pros of registering for the same. So, to endorse the small and medium business or enterprise, a recognition certificate along with a distinctive 12 digit number is provided by the government upon registration. This could help in providing official government recognition to the business and could also benefit from all the schemes launched by the government.

Which Type Of Business Could Get Udyog Aadhar?

Businesses like a one-person company, private limited company, partnership firm, co-operative society, or any other enterprise could register for Udyog Aadhar. But before applying for Udyog Aadhar, the owner of the business should ensure that the business is fulfilling all the criteria enlisted in the MSMED Act, 2006.

What Documents Are Needed To Register For Udyog Aadhar?

To get the Udyog Aadhar number for the enterprise, one needs to have the following documents-

  • Aadhar card of the business owner for writing the name and Aadhar number
  • Bank passbook for providing the bank details, including account number and IFSC code
  • Category certificate like SC, ST, OBC category certificate
  • Documents of the enterprise citing name, type, current address, and activities of the organization
  • Mobile number and email address of the owner
  • PAN card to provide the pan number and investment made by the owner

What Is The Registration Process For Udyog Aadhar?

The registration process for Udyog Aadhar is quite simple and easy, instead of being difficult or requiring a lot of paperwork. Following is the process for the same-

  • First of all, one needs to visit the official Udyog Aadhar registration website and could find the portal for registering their business.
  • One needs to enter the personal information, including the name according to the official documents and 12 digit Aadhar number. Upon clicking on the submit button, one would receive the OTP on their registered number for verification purposes. After entering the OTP, one needs to select the social category.
  • Note: Those people who are not having their Aadhar card could file for UAM with the manager of the concerned District Industries Centre.
  • After this, one needs to fill the details about the business or enterprise, including the name, type of the organization, and complete address, including pin code, district, state, mobile number, and email address.
  • One also needs to provide the date of the start of the business.
  • After this, one needs to provide the bank details, including the account number and IFSC code, where the business account is currently active.
  • Note: One could get the IFSC code by visiting the bank’s website.
  • After filling all the above information, now one needs to classify the mainline activity of the business, whether it is manufacturing or service firm.
  • Note: If the business involves both the activities, then one could consider the action contributing to the significant share in the operation of the firm.
  • The last information which one needs to provide is the number of workers working in the firm and the total investment made by the owner.
  • The final steps involve accepting the declaration and clicking on the submit button after selecting the district industry center.
  • Upon successful submission of the form, one would receive the acknowledgment number. 

For further tracking and getting the details about the submission of the form, it is recommended to note this acknowledgment number.

What Are The Advantages Of Udyog Aadhar?

There are countless benefits after obtaining the Udyog Aadhar number for the enterprise. Following are the main benefits of registering for the same-

  • Allowance in electricity bills
  • Amortized rate of interest from banks in case of loans
  • Fast resolution of any disagreement
  • Opportunity to participate in international trade fairs
  • Government schemes like loans without guarantee, easy loan procedure, funds for participating in foreign business meetings, etc.
  • Excise and direct tax laws exoneration

Therefore, to enjoy the perks of government schemes and other benefits, one should obtain the Udyog Aadhar for their business. Moreover, the process for obtaining the same is very easy by online procedure instead of visiting government offices and handling bundles of paperwork.

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Ashutosh Jha

Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
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